Answer:
$3,115,770
Explanation:
Given:
Current ratio = 3.60
Current liabilities = $401, 000
Quick ratio = 1.50
Inventory turnover = 3.70
Current ratio is calculated by dividing your current assets by your current liabilities.
Current Assets = 3.60 × 401,000
= $1,443,600
1.50 × 401,000 = 1,443,600 - Inventory
601,500 = 1,443,600 - Inventory
Inventory = 1,443,600 - 601,500
= $842,100
Cost of Goods Sold = 3.70 × 842,100
= $3,115,770
Answer:
A.
Jan 1 balance 72,350
Add year 1 purchases $22,100
Total $94,450
Deduct the closing balance $69,400
Difference = sold equipment at Net Book Value = $25,050
Add accumulated depreciation to date = $22,000
Cost of equipment sold = $47,050.
B.
Cash flow from investing activities.
Cash received from sale of equipment (the Net book value + Gain in sales) = $30,050
Cash invested in purchase of new equipment -$22,100
Net cash flow from investing activities $7,950
Answer:
1.2
Explanation:
current ratio = current assets / current liabilities
- current assets = cash ($5,000) + accounts receivable ($15,000) + inventory ($40,000) + prepaid insurance ($3,000) = $63,000
- current liabilities = accounts payable ($15,000) + notes payable in 5 months ($12,500) + salaries payable ($25,000) = $52,500
current ratio = $63,000 / $52,500 = 1.2
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Discuss failures of individuals of the company
b) Establish performance standards as a group
c) Measure, evaluate and take corrective action
d) Correct employees' actions by berating and celebrating
e) Cross-train employees
And the correct answer is the option C: measure, evaluate and take corrective action.
Explanation:
To begin with, when it comes to terms of control regarding the inside structure of an organization, the managers use different processes and techniques to take on that job of controlling the employes of the company in order to see how everything is going. In the case of Chris Zane, as he wants to do a control every week, then he is absolutely interesting in evaluating and measuring the improvements of every one inside the business so in that way he can take action in time to correct something if it is not going as planned. And that is the main reason why he would use a controlling process where he needs to have everything going as planned.
Please answer answer question answer answer me question answer question question answer answer please answer answer question answer answer me question answer please answer answer please thank lord lord please please thank you lord lord please thank you please thank lord please thank you lord please please thank you lord lord thank you please thank lord please thank you lord please please thank you lord lord thank you please thank lord please thank you lord please please thank you lord lord thank you please thank lord
